Page 58 - UP PR REPORT - AUGUST 2025

8/7/25, 9:44 AM Union Properties’ ServeU acquires House Keeping in AED 100m deal - Mubasher Info
Khansaheb added: “Integrating a leading manpower and domestic workforce provider into our portfolio not only strengthens ServeU’s operational
breadth, but also reinforces our commitment to delivering integrated, people-centric solutions that meet the evolving demands of our clients across
sectors.”
House Keeping brings a strong portfolio, deep domain expertise, and an extensive client network, with a specialized workforce of 136 active
members in housekeeping operations and nearly 8,700 domestic workers.
Moreover, House Keeping has consistently delivered strong performance, recording revenues of AED 221.10 million and an EBITDA of AED 21.40
million in 2024. These financial results align closely with ServeU’s strategic priorities of delivering value, enhancing service quality, improving
operational efficiency, and advancing workforce capabilities.
It is worth noting that Union Properties posted AED 315.66 million worth of revenue from contracts as of 30 June 2025 in addition to net profit of
AED 14.56 million.

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